Property

Ayala Land Inc.’s 290-hectare Cresendo estate in Tarlac is moving closer to becoming a full-scale industrial and urban center, with most industrial lots leased and major road, school, and commercial projects advancing alongside factory development.

Philippine industrial property players remain bullish on expansion, with 84 percent planning to increase their footprint over the next three years despite economic uncertainty, rising construction costs, and high operating expenses.

Ayala Land Premier has begun turning over units at Gardencourt Residences in Arca South, Taguig, as parent Ayala Land Inc. (ALI) focuses on accelerating project completion and home deliveries across its residential pipeline.

Filinvest Land Inc. (FLI) has joined a growing roster of major property developers supporting the government’s Expanded Pambansang Pabahay para sa Pilipino (4PH), widening the housing inventory and financing options available to qualified homebuyers.

Federal Land Inc. Chairman Alfred Ty remains optimistic about the Philippine property market, saying developers are positioned to weather the current downturn as the sector works through elevated inventory and prepares for a gradual recovery.